Mackenzie Financial Corp Has $10.85 Million Position in Juniper Networks, Inc. (NYSE:JNPR)

Mackenzie Financial Corp boosted its holdings in Juniper Networks, Inc. (NYSE:JNPR) by 61.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 367,916 shares of the network equipment provider’s stock after purchasing an additional 139,770 shares during the quarter. Mackenzie Financial Corp owned about 0.12% of Juniper Networks worth $10,846,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of JNPR. Hartford Financial Management Inc. grew its position in Juniper Networks by 51.3% in the 4th quarter. Hartford Financial Management Inc. now owns 973 shares of the network equipment provider’s stock valued at $29,000 after purchasing an additional 330 shares during the period. Ronald Blue Trust Inc. grew its position in Juniper Networks by 74.1% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,071 shares of the network equipment provider’s stock valued at $30,000 after purchasing an additional 456 shares during the period. Blue Trust Inc. lifted its stake in Juniper Networks by 34.4% during the 4th quarter. Blue Trust Inc. now owns 1,439 shares of the network equipment provider’s stock valued at $40,000 after acquiring an additional 368 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Juniper Networks by 2,224.7% during the 2nd quarter. Lazard Asset Management LLC now owns 1,976 shares of the network equipment provider’s stock valued at $61,000 after acquiring an additional 1,891 shares in the last quarter. Finally, Planned Solutions Inc. bought a new position in Juniper Networks during the 4th quarter valued at $74,000. Institutional investors and hedge funds own 91.95% of the company’s stock.

Juniper Networks Trading Down 0.3 %

NYSE JNPR opened at $36.06 on Friday. The stock has a market capitalization of $11.70 billion, a price-to-earnings ratio of 37.96, a PEG ratio of 7.41 and a beta of 0.98. Juniper Networks, Inc. has a one year low of $24.87 and a one year high of $38.04. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.80 and a quick ratio of 1.35. The business’s fifty day moving average is $36.95 and its 200-day moving average is $32.49.

Juniper Networks (NYSE:JNPR) last announced its quarterly earnings data on Tuesday, January 30th. The network equipment provider reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Juniper Networks had a net margin of 5.57% and a return on equity of 11.72%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.41 billion. Equities research analysts predict that Juniper Networks, Inc. will post 1.37 EPS for the current year.

Juniper Networks Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 1st were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend was Thursday, February 29th. Juniper Networks’s dividend payout ratio is currently 92.63%.

Analyst Ratings Changes

Several equities analysts have weighed in on JNPR shares. Rosenblatt Securities raised their price objective on Juniper Networks from $31.00 to $40.00 and gave the company a “neutral” rating in a research note on Wednesday, January 10th. KeyCorp restated a “sector weight” rating on shares of Juniper Networks in a research note on Thursday, January 11th. Needham & Company LLC restated a “hold” rating on shares of Juniper Networks in a research note on Wednesday, January 10th. Jefferies Financial Group restated a “hold” rating and set a $40.00 price objective (up from $35.00) on shares of Juniper Networks in a research note on Thursday, January 11th. Finally, Barclays restated an “equal weight” rating on shares of Juniper Networks in a research note on Wednesday, January 10th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $34.27.

Insider Activity at Juniper Networks

In related news, SVP Robert Mobassaly sold 5,173 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $36.78, for a total value of $190,262.94. Following the sale, the senior vice president now directly owns 36,061 shares in the company, valued at approximately $1,326,323.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Juniper Networks news, SVP Robert Mobassaly sold 5,173 shares of Juniper Networks stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $36.78, for a total transaction of $190,262.94. Following the completion of the transaction, the senior vice president now owns 36,061 shares of the company’s stock, valued at approximately $1,326,323.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Rami Rahim sold 5,555 shares of Juniper Networks stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $37.06, for a total value of $205,868.30. Following the transaction, the chief executive officer now directly owns 1,003,429 shares of the company’s stock, valued at approximately $37,187,078.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 216,302 shares of company stock worth $8,005,602. Company insiders own 1.29% of the company’s stock.

Juniper Networks Profile

Juniper Networks, Inc designs, develops, and sells network products and services worldwide. The company offers routing products, such as ACX series universal access routers to deploy high-bandwidth services; MX series Ethernet routers that function as a universal edge platform; PTX series packet transport routers; wide-area network SDN controllers; and session smart routers.